Pact Group Holdings Ltd. announced the appointment of Mr. Sanjay Dayal as Managing Director and Chief Executive Officer, effective 3 April 2019. Sanjay joins Pact most recently from BlueScope Steel where he held the position of Chief Executive, Building Products, Corporate Strategy and Innovation. This followed several other senior positions in Asia and Australia over a 9 year period with the company.

Prior to BlueScope, Sanjay had a very successful career with Orica and ICI, including Regional General Manager for Manufacturing and Supply Chain and General Manager for the Dyno- Nobel Integration, based out of London. Sanjay brings to Pact a collaborative leadership style with a strong focus on customers and performance. He is an incredibly well rounded leader with extensive operations experience and has an excellent understanding of both manufacturing and supply chain.

Mr. Dayal has been appointed on a rolling contract. His total remuneration includes both fixed and at risk components to ensure alignment with all shareholders. The at risk components are subject to meeting short term and long-term performance criteria.

Key terms of Mr. Dayal's appointment are attached. Mr. Geminder will resume his previous role as non-executive Chairman of the company effective 3 April 2019.